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Investments in Foreign Joint Ventures (Tables) | 9 Months Ended
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Sep. 30, 2014
Equity Method Investments And Joint Ventures [Abstract] |
Summary of Financial Information of Foreign Joint Ventures | Summary (unaudited) financial information of our foreign joint ventures in U.S. dollars was as follows at September 30, 2014 and December 31, 2013 and the three months and nine months ended September 30, 2014 and 2013 (in thousands):
| BOMAY |  |  | MIEFE |  |  | AAG |
| 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |  |  | 2014* |  |  | 2013 |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total current assets | $ | 77,458 |  |  | $ | 94,220 |  |  | $ | 3,932 |  |  | $ | 3,855 |  |  | $ | - |  |  | $ | 2,572 |
Total non-current assets |  | 4,788 |  |  |  | 5,122 |  |  |  | 126 |  |  |  | 114 |  |  |  | - |  |  |  | 1,550 |
Total assets | $ | 82,246 |  |  | $ | 99,342 |  |  | $ | 4,058 |  |  | $ | 3,969 |  |  | $ | - |  |  | $ | 4,122 |
Liabilities and equity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total liabilities | $ | 53,749 |  |  | $ | 72,644 |  |  | $ | 2,533 |  |  | $ | 1,197 |  |  | $ | - |  |  | $ | 1,291 |
Total joint ventures’ equity |  | 28,497 |  |  |  | 26,698 |  |  |  | 1,525 |  |  |  | 2,772 |  |  |  | - |  |  |  | 2,831 |
Total liabilities and equity | $ | 82,246 |  |  | $ | 99,342 |  |  | $ | 4,058 |  |  | $ | 3,969 |  |  | $ | - |  |  | $ | 4,122 |
*As of April 30, 2014, the Company withdrew from the AAG Joint Venture.
| Three Months Ended September 30, |
| BOMAY |  |  | MIEFE |  |  | AAG |
| 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |  |  | 2014* |  |  | 2013 |
Revenue | $ | 9,995 |  |  | $ | 17,995 |  |  | $ | 1,359 |  |  | $ | 1,530 |  |  | $ | - |  |  | $ | 1,434 |
Gross Profit | $ | 2,353 |  |  | $ | 2,853 |  |  | $ | 567 |  |  | $ | 372 |  |  | $ | - |  |  | $ | 259 |
Earnings | $ | 712 |  |  | $ | 1,187 |  |  | $ | 158 |  |  | $ | (29 | ) |  | $ | - |  |  | $ | (59 | )
*As of April 30, 2014, the Company withdrew from the AAG Joint Venture. |  |  |  |  |  |  |  |  |  |  |  |  |
| Nine Months Ended September 30, |
| BOMAY |  |  | MIEFE |  |  | AAG |
| 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |  |  | 2014* |  |  | 2013 |
Revenue | $ | 67,209 |  |  | $ | 82,986 |  |  | $ | 4,571 |  |  | $ | 7,021 |  |  | $ | 1,078 |  |  | $ | 9,433 |
Gross Profit | $ | 9,812 |  |  | $ | 10,451 |  |  | $ | 1,686 |  |  | $ | 1,659 |  |  | $ | 154 |  |  | $ | 3,691 |
Earnings | $ | 4,483 |  |  | $ | 5,308 |  |  | $ | 339 |  |  | $ | 356 |  |  | $ | 4 |  |  | $ | 1,777 |
Summary of Activity in AEIT's Investment in Foreign Joint Ventures | The following is a summary of activity in investments in foreign joint ventures for the nine months ended September 30, 2014 (unaudited):
| September 30, 2014 |
| BOMAY** |  |  | MIEFE |  |  | AAG |  |  | TOTAL |
| (in thousands) |
Investments in foreign joint ventures: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at December 31, 2013 | $ | 10,609 |  |  | $ | 1,138 |  |  | $ | 1,286 |  |  | $ | 13,033 |
Equity in earnings (loss) in 2014 |  | 1,793 |  |  |  | 139 |  |  |  | 2 |  |  |  | 1,934 |
Dividend distributions in 2014 |  | (1,042 | ) |  |  | (650 | ) |  |  | (830 | ) |  |  | (2,522 | )
Foreign currency translation adjustment |  | (77 | ) |  |  | (98 | ) |  |  | 178 |  |  |  | 3 |
Withdrawal from joint venture* |  | - |  |  |  | - |  |  |  | (636 | ) |  |  | (636 | )
Investments, end of period | $ | 11,283 |  |  | $ | 529 |  |  | $ | - |  |  | $ | 11,812 |
Components of investments in foreign joint ventures: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment in joint ventures | $ | 2,033 |  |  | $ | 15 |  |  | $ | - |  |  | $ | 2,048 |
Undistributed earnings |  | 7,896 |  |  |  | 358 |  |  |  | - |  |  |  | 8,254 |
Foreign currency translation |  | 1,354 |  |  |  | 156 |  |  |  | - |  |  |  | 1,510 |
Investments, end of period | $ | 11,283 |  |  | $ | 529 |  |  | $ | - |  |  | $ | 11,812 |

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